If you’re aiming to boost your income with some dividend shares, then the two listed below could be worth considering.

Both have been named as buys and tipped to pay attractive dividends in the near term. Here’s what you need to know about these ASX 200 dividend shares:

Centuria Industrial Reit (ASX: CIP)

The first ASX 200 dividend share to look at is Centuria Industrial. It is the owner of a portfolio of high-quality industrial assets situated in key metropolitan locations throughout Australia.

Demand for the company’s properties has been very strong and has so far underpinned a portfolio occupancy rate of 99.2% and 10% rental growth in FY 2022.

The good news is that analysts are expecting this positive trend to continue thanks to elevated demand from the e-commerce sector, which is creating competition for high-quality industrial assets.

Analysts at Macquarie are positive on Centuria Industrial and have an outperform rating and $3.94 price target on its shares. Macquarie highlights that recent weakness has left the company’s shares trading at a large discount to net tangible assets.

As for dividends, the broker is forecasting a 17.3 cents per share distribution in FY 2022 and a 16.8 cents per share distribution in FY 2023. Based on the current Centuria Industrial share price of $2.89, this will mean yields of 6% and 5.8%, respectively

Macquarie Group Ltd (ASX: MQG)

Another ASX 200 dividend share that has been rated as a buy is investment bank Macquarie.

Macquarie recently released its full-year results for FY 2022 and revealed a 56% increase in net profit after tax of $4.7 billion. This was driven by growth across the business after a stellar 12 months.

Analysts at Morgans concede that it will be hard for Macquarie to top this in FY 2023. However, it feels investors should look beyond this and focus on the long term. As a result, it has put an add rating and $215.00 price target on the bank’s shares.

Morgans explained: “We anticipate some near-term earnings volatility over FY23 but we like MQG’s favourable longer-term growth profile and consistent history of delivering strong returns (~15% average ROE over time).”

In respect to dividends, its analysts are forecasting a $7.07 per share dividend in FY 2023 and then $7.47 per share dividend in FY 2024. Based on the current Macquarie share price of $164.00, this will mean yields of 4.3% and 4.5%, respectively.

The post Analysts name 2 top ASX 200 dividend shares to buy now appeared first on The Motley Fool Australia.

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More reading

• How does the Macquarie dividend stack up against the ASX big four banks?
• 2 powerhouse ASX shares going for dirt cheap right now: expert
• Top broker tips 30% upside for the Macquarie share price
• Why Macquarie shares could be set for a $570m tailwind
• ASX 200 bank shares tumble: Citi says time to buy

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Tabcorp Holdings Limited (ASX: TAH) share price was on form on Tuesday.

The gambling company’s shares ended the day up 1% at $1.06.

What drove the Tabcorp share price higher?

There were a couple of catalysts for the rise in the Tabcorp share price on Tuesday.

One was a rebounding ASX 200 index, which lifted most shares. The other was news that the announcement of wagering tax changes in New South Wales. Tabcorp believes the latter is “a further positive step toward industry reform.”

What’s happening?

From 1 July 2022, New South Wales will increase the Point of Consumption Tax (POCT) rate payable by wagering operators from 10% to 15%.

Tabcorp will receive transition payments over an 18-month period from the commencement of these changes to ensure it is no-worse off relative to its current tax obligations as a result of the changes.

Had these transition payments not been applied, based on Tabcorp’s calendar year 2021 NSW revenues, its EBITDA would have been approximately $16 million lower.

Tabcorp’s Managing Director and Chief Executive Officer, Adam Rytenskild, was pleased with the news but will push for further reforms.

Today is a positive step forward in levelling the playing field in NSW. Online bookies will pay a greater share of wagering tax which can be invested back into the local racing industry and ensures a fairer system.

We welcome the NSW Government’s announcement. Online betting has changed substantially since the TAB’s licences were issued and this is an opportunity to better align with the modern economy. The Queensland Government has recently announced reforms to create a level playing field and NSW is now a step closer to a level playing field.

How have Tabcorp’s shares been performing since the demerger?

Following today’s gain by the Tabcorp share price, it is now trading marginally higher than where it ended the day following the Lottery Corporation Ltd (ASX: TLC) demerger.

On 24 May, the company’s shares closed the session at $1.055 cents, just a touch lower than current levels.

Though, it is worth noting that Tabcorp’s shares continued to slide in the days that followed and closed at 90.5 cents on 1 June. So, anyone buying at that point would have done very well.

The post How has the Tabcorp share price been performing since the demerger? appeared first on The Motley Fool Australia.

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More reading

• These were the best performing ASX 200 shares last week
• Here are the 3 most traded ASX 200 shares on Tuesday
• Why GrainCorp, New Hope, Tabcorp, and Woodside shares are pushing higher
• Why is the Tabcorp share price racing higher today?
• ASX 200 midday update: Magellan smashed, Liontown signs Tesla deal

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The broker Morgan Stanley is now expecting a further drop of the Commonwealth Bank of Australia (ASX: CBA) share price.

With CBA shares already down 15% over the last month, Morgan Stanley’s new, lower price target now implies another step down.

For readers that aren’t sure what a price target is, it’s a guess of where brokers think a share price will – or perhaps should – be trading at in 12 months time.

Morgan Stanley’s new price target on the big four ASX bank is now $79. This is a reduction from the previous target of $91.

The reason for the banking pessimism

The lower price target implies a possible decline of more than 10% over the next year.

However, CBA wasn’t the only one to receive a cut. Morgan Stanley also cut the price targets of the other big four banks National Australia Bank Ltd (ASX: NAB), Australia and New Zealand Banking Group Ltd (ASX: ANZ), and Westpac Banking Corp (ASX: WBC) by more than 10%. The broker is more pessimistic on all of the big ASX bank shares.

Morgan Stanley analyst Richard Wiles commented (as reported by The Australian):

We believe that a quick and aggressive tightening cycle provides more support for margins, but will lead to a weaker housing and mortgage market and a higher probability of recession.

Our price targets have been lowered to reflect various factors, including attaching a higher probability to our bear case and reducing our bear case scenario values more sharply.

CBA share price valuation

The Commonwealth Bank is expected to grow profit in the shorter term.

CBA shares are valued at 17 times FY22’s estimated earnings. With a prediction of a small increase in profit, the CBA share price is then valued at 17 times FY23’s estimated earnings.

But there’s more to the major bank than just how much profit it makes. Investors may also like to know about the expected dividends from the bank over the next two financial years.

Dividend yield

Based on Morgan Stanley’s dividend estimates, at the current CBA share price, it could pay a grossed-up dividend yield of 6% in FY22.

The broker’s numbers then imply a double-digit rise in the annual dividend to shareholders in FY23.

Morgan Stanley has pencilled in a grossed-up dividend yield of 6.75% in FY23.

CBA share price snapshot

CBA shares have fallen by around 9% over the last 12 months.

The post Why did Morgan Stanley just slash its target for the CBA share price? appeared first on The Motley Fool Australia.

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More reading

• How does the Macquarie dividend stack up against the ASX big four banks?
• Why are ASX 200 bank shares having such a cracking start to the week?
• 3 ASX 200 bank shares slide to 52-week lows on Friday
• The CBA share price has lost 15% so far in June. Is it worth banking on?
• ASX 200 bank shares languish on Thursday despite market lift

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Westpac Banking Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Macquarie Group Ltd (ASX: MQG) is a unique ASX share. It is often grouped together with the ASX 200 big four banks, and indeed is often called the ‘fifth big four bank’.

But with its funds management business, focus on investment banking, and relatively small market share in traditional banking products such as mortgages, Macquarie is arguably not really in the same boat as the big four.

But when it comes to ASX bank shares, investors often apply much of their focus to dividends. So let’s see how Macquarie stacks up against the other major ASX banks when it comes to shareholder income.

So, to reiterate, the big four banks like Commonwealth Bank of Australia (ASX: CBA) are well-known ASX dividend shares.

As it currently stands, the dividends on offer from the big four range from CBA’s current dividend yield of 4.21% to that of Australia and New Zealand Banking Group Ltd (ASX: ANZ) at 6.56%.

National Australia Bank Ltd (ASX: NAB) and Westpac Banking Corp (ASX: WBC) currently have yields of 5.21% and 6.16% respectively. All of these big four bank dividends come fully franked at present.

So, how does Macquarie measure up?

How does the Macquarie dividend compare?

Well, Macquarie’s latest two dividends consist of an interim dividend of $2.72 per share that was paid out last December, and a final dividend of $3.50 per share that investors will receive on 4 July.

The interim dividend came 40% franked. Next month’s final dividend will also be franked at 40%.

That’s an annual total of $6.22 in dividends per share. This gives Macquarie a dividend yield of 3.79% on the current share price.

So that’s definitely on the low end of what the big four currently have on the table.

But remember this before you sell your Macquarie shares to buy ANZ.

The Macquarie share price is up by 83% over the past five years. CBA shares are up 10% over the same period. NAB is down 8% and ANZ is also down 20.45%. Westpac has lost almost 35%.

That’s perhaps an argument why Macquarie shouldn’t be considered the ‘fifth big four bank’ right there.

The post How does the Macquarie dividend stack up against the ASX big four banks? appeared first on The Motley Fool Australia.

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More reading

• Why did Morgan Stanley just slash its target for the CBA share price?
• Why GrainCorp, PointsBet, Weebit Nano, and Westpac shares are racing higher
• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• How to start investing in stocks: This ASX 200 share is where I’d begin
• The ANZ share price has tumbled 24% from its 2022 high. Is it time to pounce?

Motley Fool contributor Sebastian Bowen has positions in National Australia Bank Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Macquarie Group Limited and Westpac Banking Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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